World Business NewsOPEC+ approves fourth oil output quota hike since Hormuz closure
OPEC+ raises targets by 188,000 bpd from July; Most members cannot meet targets due to Hormuz closure
Jun 8, 2026
Reuters
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World Business News
World Business NewsGold slips, set for weekly loss on Mideast tensions, rate-hike fears
Spot gold falls 0.6% to $4,445.51, US futures drop 0.7% to $4,471.70, silver slides 2% to $72.36, platinum 1% to $1,880.40, palladium 1.7% to $1,298.49; all metals head for weekly losses
Jun 5, 2026
World Business NewsIranian oil slips to discount on week Chinese demand despite tighter supply
Traders cut prices to attract Chinese buyers amid weak demand, threatening oil revenues for Russia and Iran as US blockade restricts Iranian exports
Jun 5, 2026
World Business NewsOil edges up on US-Iran deal uncertainty, Oman's Mina al Fahal loading suspension
OPEC secretary general says oil demand to remain robust, no change to estimates
Jun 5, 2026
World Business NewsIndian central bank keeps policy rate unchanged at 5.25%, unveils measures to support rupee
Indian currency declines 5% this year after recording a similar fall in 2025; RBI cites deteriorating global outlook, rising inflation risks as policy committee waits for greater clarity and monitors broader price pressures
Jun 5, 2026
World Business NewsStocks slide on flare-up in Middle East fighting; oil eases off highs
MSCI Asia-Pacific index falls 1.6%, S&P 500 futures slip 0.4%, Korean shares drop as much as 2.6%, Nikkei loses 1.4%, while bitcoin falls to $64,118.15 and ether rises to $1,787
Jun 4, 2026
World Business NewsGold rises on softer dollar, oil as markets weigh US-Iran peace optimism
Spot gold rises 0.7% to $4,464.69, U.S. gold futures gain 0.6% to $4,491.70, while silver climbs to $73.44, platinum to $1,878.50, palladium to $1,309.68
Jun 4, 2026
World Business NewsChinese AI giant DeepSeek eyes $7.4 billion funding round at up to $59 billion valuation
Tencent, CATL set to become largest external investors as founder Liang Wenfeng commits 20 billion yuan, sources say
Jun 4, 2026
World Business NewsIndia tightens silver import rules, mandates prior approval
New Delhi restricts imports of 99.9% silver in grains, powder and other forms, requiring importers to obtain valid authorisation from Directorate General of Foreign Trade
Jun 3, 2026
World Business NewsGold eases as Middle East tensions lift oil, US economic data in focus
Spot gold falls 0.5% to $4,460.36, US gold futures slip 0.7% to $4,488.90, while silver drops to $74.27, platinum to $1,928, palladium to $1,361.75
Jun 3, 2026
World Business NewsAI bulls carry global stocks higher despite fresh hostilities flaring in Gulf
Oil rises over 1% as hopes for Strait of Hormuz breakthrough fade; Yen tiptoes into intervention red zone; Cryptos sink; AI stocks rally
Jun 3, 2026
World Business NewsOil rises over 1% as Middle East talks stall, hostilities flare
Brent futures gain $1.56, or 1.6%, to $97.56; US WTI climbs $1.61, or 1.7%, to $95.37; global energy agency says oil inventories are expected to hit critical levels ahead of peak summer demand
Jun 3, 2026